YEREVAN. -- The Armenian company producing ight-emitting diodes "ERA PP" suspended work in free economic zone of Yerevan.

Authorization to work in the free economic zone, with preferential taxes, was withdrawn at a meeting of the Government on Thursday. As stated by Minister of Economy Artsvik Minasyan, the company was forced to suspend its work because of inability to sell its products in Russia which is faced with difficult economic situation.

By the end of 2015, the company planned to bring exports to $3 million and to provide 35 workplaces.